Find Your Daily Voice
Stony Point
Tomkins Cove
Your Local News for Stony Point and Tomkins Cove, New York
Wednesday, dec 4
37°
Follow
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Sports
Traffic
Real Estate
Tags
Jobs
Shop
Support Us
Stony Point
Tomkins Cove
Follow
Find Your Daily Voice
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Sports
Traffic
Real Estate
Tags
Jobs
Shop
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© 2024 Cantata Media
37°
Wednesday, dec 4
Tag:
Plandome Partners
News
Former Wall Street Trader Sentenced For Running $19M Ponzi Scheme
A former Wall Street trader has been sentenced to over five years in prison after admitting to defrauding investors in a $19 million Ponzi scheme. Long Island resident Paul A. Rinfret, 71, of Manhasset, had pleaded guilty to one count of wire fraud and one count of securities fraud last fall. This week, Rinfret was sentenced to 63 months in prison. According to Acting United States Attorney for the Southern District Audrey Strauss, Rinfret alleged that he touted “extremely high returns in his trading,” when in reality he simply stole the investors’ money to fund a lavish lifestyle. I…